(And here's what happens when the bubble bursts.) Panic Bank Run Leaves Canada's Largest Alternative Mortgage Lender On Edge Of Collapse"When you have a run on the bank, people get spooked and they sell and ask questions later," said a Bay Street investment banker. "It’s investor psychology that takes over."(Fortunately though, the government says inflation remains low.)

TSB: We weren't able to beat the Maryland murder rate but Portland did have the worst riot damage in many years today. Oregon's Governor was in attendance to salute illegal immigration, Portland's new Mayor was at a city council meeting while the downtown area was exploding all around him. He had no comment. gwbRiot in Portland...Police declare riot as protesters set fires in downtown Portlandhttp://www.oregonlive.com/portland/index.ssf/2017/05/may_day_organizers_show_march.html

Also, today Canada's 2nd largest subprime lender announce 74% of its deposits have disappeared in the past 4 days. Add to that the freak snowstorm in the midwest overnite that caused wheat losses of 50 million tons spiking wheat prices 5.34% in 1 day. (Stock up on burger buns!) I really liked Trump's move to overturn Michelle Obama's super healthy lunches that nobody ate with some local disgression. gwb

Agree FLOTUS' school lunch program did nothing but inspire a generation of Populist-minded HS kids, especially the ones who would post photos of the crappy lunch they got juxtaposed with that day's lunch menu at the Obama kids' fancy school in DC.

TSB: "CHINA REPORTEDLY GIVES N.KOREA FINAL WARNING"williambanzai7 nyse May 3, 2017 9:21 AMFunny how the bomb will do that. Test it a few times and you erase the Kardashians from front screen.AND THE BEAT GOES ON! Except for United Airlines where the executives have promised to stop beating their passengers. https://youtu.be/to0irFedGqc

TSB: We learned a lot today. One is that Hillary Clinton has enormous power over James Comey. "Wikileaks is Intelligence Porn" "Huma Abedin regularly forwarded her classified email to Anthony Weiner so he could print them out without reading them."Comey knows Weiner never read them because there was no evidence to prove he read them despite the fact Weiner was never interviewed about them. Weiner was never interviewed about them because he was so busy being interviewed by other law enforcement official about sexting a 14 year old girl. He referred to this as a "matter" rather than an investigation because Hillary Clinton told him to. Rudy Juliani said he was regularly getting updates on the investigation from those conducting it but Comey wasn't aware of this or concerned about it. We also learned today that the FBI needs estraordinary powers to unlock cell phones to stop terrorists and sex traffikers in child porn, drug traffiking etc. Now, if President Trump mentions "draining the swamp" oe "loving the uneducated" that might complete your list of amazing thing for today. gwb

TSB: This is the kind of cybercrime I enjoy: Corruption Currents: Billionaires’ Yachts Targeted by Cyberthieves

And Warren Buffett "warrens about": On cyber attacks: "the number one problem [for] mankind."and avoids by staying un-connected. Plus he LOVES Trump's healthcare plan: On the House health-care plan, which would repeal added taxes on payroll and investment income for high earners: "It is a huge tax cut for guys like me." gwb

About Me

In the words of Dr. Evil, "the details of my life are quite inconsequential." However, I will say that I work in a small branch office of the foreign affairs department of the Washington DC area's largest employer.

In Lieu of Photo

"The Bureaucrat" sketch by Sergei Eisenstein

Plus ça change ...

"It is a notorious fact that this city, being at the seat of government, is liable to be visited by more than its proportion of insane persons." - Washington DC newspaper The Intelligencer, April 21, 1835

My Pledge To You

“He or she reacts promptly and responsibly to even the most uncouth respondent or absurd situation with equanimity, humor and meticulousness” – Foreign Service Journal (November 2009)

Disclaimer

The views and opinion I express are my own and do not in any way reflect those of the U.S. Government or any of its agencies or officials. All the information and materials I present, or link to, are in the public sphere and are fair game for public comment.